UK Chancellor Reeves is expected to say that the biggest prize for the UK is stronger ties with the EU, Politico reports citing extracts; "... the biggest prize is closer integration with Europe.”

This statement by UK Chancellor Reeves signals a potential shift towards improving relations with the EU, which could have significant implications for trade policies and economic cooperation. If actualized, stronger ties might enhance investor sentiment and stabilize markets that are sensitive to Brexit-related uncertainties. Watch for the response in GBP and European equities, as this could signal a move towards greater integration that the market has been cautiously optimistic about.